• The IMF expects global economic growth to accelerate to 3.4% in 2017 and to 3.1% in 2016

Market news

16 January 2017

The IMF expects global economic growth to accelerate to 3.4% in 2017 and to 3.1% in 2016

  • The IMF lowered its forecast for Mexico, Brazil, and India, but raised for China

  • The IMF raised its forecast for US GDP growth for 2017 to 2.3% from 2.2% in view of the stimulus plan proposed by Trump

  • Trump policy may harm economic growth in the case of growing protectionism in the US

  • The forecast for GDP growth in the UK in 2017 has been improved to 1.5% from 1.1%

  • The forecast for Eurozone GDP in 2017 was revised to 1.6% from 1.5%

  • The forecast for GDP growth in Italy in 2017 was downgraded to 0.7% from 0.9%

  • The forecast for the growth of Japan's GDP for 2017 was revised to 0.8% from 0.6%

  • The forecast for GDP growth in Canada for 2017 was confirmed at 1.9%.

  • The forecast for China's GDP growth for 2017 was revised to 6.5% from 6.2%

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